The Noosa Real Estate market continued at a steady pace again
this month.

It's interesting to note of the 10 sales we have had this
month they were all under $1 million, while we have fantastic
value luxury homesand apartments unsold. This illustrates the
patchy nature of the market at present but if enquiry is any
indication we hope to see more action on the higher priced
property over the summer break.

There was some press a few weeks ago about the large
developments in the town struggling to sell their product. This
doesn't really reflect the greater Noosa marketplace however we
have seen some of these developers reduce their prices from
levels I feel offered grossly overpriced product. We may see more
turn over now these apartments have been priced to reasonable
levels.

There have been a number of auctions of quality property
around Little Cove and Noosa Sound. A home high on Bayview Road
sold close to $4 million; another older cottage located in a
prime Allambi Rise position overlooking the beach was passed in
at auction. The apartment at 80 Upper Hastings Street we took to
auction passed in on the day. We have 3 buyers flying up to see
the property and hope we will close the sale with one of them.
Most buyers realise the bottom of the market has come and gone
and are slowly returning to the market place.

There are still some great buying opportunities with more
talk of owners upgrading their position while the stock is
available.

It's been a tough year for many people; I hope you all
enjoy your summer break and thank you for your continued
support.

If you would like any further information, please feel free to
contact me on 5447 3855.